As the 18-month mark approaches, Time is not exactly batting 1.000. More like zero. The well-accepted belief that newspapers are closing is simply not true.

Of the roughly 1,400 American dailies, 11 have gone out of business in the past two years, well under one percent. And among those that did fold, a number were in cities with more than one major paper. The Rocky Mountain News and the Seattle Post-Intelligencer, for example, stopped print publication - but both were in markets with daily newspaper competition.

What's more, newspaper profit margins, after falling for many years, may actually improve this year, according to a new J.P. Morgan analysis, as revenue declines moderate and newspaper companies reap the results of cost-cutting.

Of course, that's not to say the reality facing newspapers isn't harsh.

The Boston Globe

Time magazine had said: "The Boston Globe is, based on several accounts, losing $1 million a week. One investment bank recently said the paper is worth only $20 million. Supporting larger losses at the Globe [by The New York Times] will become nearly impossible. Boston.com, the online site that includes the digital aspects of the Globe, will probably be all that remains of the operation."

4/

The San Francisco Chronicle

Time magazine had said: "Parent company Hearst has already set a deadline for shuttering the paper if it cannot make tremendous cost cuts. The Chronicle lost as much as $70 million last year. The online version of the paper could be the only version by the middle of 2009."

5/

The Fort Worth Star-Telegram

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The Star-Telegram told us that its most recent numbers saw a drop of 12,625 in daily circulation, 13,331 on Saturdays, and 9,655 on Sundays from 2008.

Time magazine had said: "The parent of the Dallas Morning News, Belo, is probably a stronger company than the Star-Telegram's parent, McClatchy. The Morning News has a circulation of about 350,000, while the Star-Telegram has just over 200,000. The Star-Telegram will have to shut down or become an edition of its rival. Putting them together would save tens of millions of dollars a year."

6/

The Cleveland Plain Dealer

Time magazine had said: "Its parent, Advance Publications, has already threatened to close its paper in Newark. Advance, owned by the Newhouse family, is carrying the burden of its paper plus Condé Nast, its magazine group, which is losing advertising revenue. The Plain Dealer will be shut or go digital by the end of next year."

7/

The Miami Herald

Time magazine had said: "Newspaper advertising has been especially hard-hit in Florida because of the tremendous loss in real estate advertising. The Herald has strong competition north of it, in Fort Lauderdale. There is a very small chance it could merge with the South Florida Sun-Sentinel, but it is more likely that the Herald will go online-only with two editions, one for English-language readers and one for Spanish."

8/

The Philadelphia Daily News

Time magazine had said: "The company says it will make money this year, but with newspaper advertising still falling sharply, the city cannot support two papers, and the Daily News has a daily circulation of only about 100,000. The tabloid has a small staff, most of whom could probably stay on at Philly.com, the Web operation for both of the city dailies."

9/

The Minneapolis Star Tribune

Time magazine had said: " The Minneapolis Star Tribune has filed for Chapter 11. The paper may not make money this year, even without the costs of debt coverage. The company said it made $26 million last year, about half of what it made in 2007. The odds are that the Star Tribune will lose money this year if its ad revenue drops another 20%. There is no point for creditors to keep the paper open if it cannot generate cash. It could become an all-digital property, as supporting a daily circulation of more than 300,000 is too much of a burden. It could survive if its rival, the St. Paul Pioneer Press, folds. A grim race."

10/

New York Daily News

Time magazine had said: " The New York Daily News is one of several large papers fighting for circulation and advertising in the New York City area. Unlike the New York Times, the New York Post,Newsday and Newark's Star-Ledger, the Daily News is not owned by a larger organization — real estate billionaire Mort Zuckerman owns the paper. Based on figures from other big dailies, it could easily lose $60 million or $70 million, and has no chance of recovering from that level."